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Aug 19, 2012
08/12
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simultaneously tax increases will go into effect. the bush tax cuts, good-bye. the long-term picture even worse. and that brings us to the second time bomb. as the baby boomers retire the commitments that we have made to seniors will balloon, over the next 75 years, medicare will run a deficit of more than $30 trillion, two times the entire size of the united states economy. social security will run out of money in just 20 years. in short, if nothing is done, our national debt poses a clear and present danger to the united states. and yes, politicians have been warning about the nation's debt for decades. already this year, we have seen economies destroyed by debt. overseas in greece, italy, and spain. and here at home, with stockton, california, so, the big question, are we next? is the u.s. heading towards bankruptcy? with that, let's start with our first topic which will be entitlement spending. can we fix the nation's finances without cutting entitlement benefits that's social security, medicare, medic aid? kim, can we? >> no, we can't. you know, we talk all
simultaneously tax increases will go into effect. the bush tax cuts, good-bye. the long-term picture even worse. and that brings us to the second time bomb. as the baby boomers retire the commitments that we have made to seniors will balloon, over the next 75 years, medicare will run a deficit of more than $30 trillion, two times the entire size of the united states economy. social security will run out of money in just 20 years. in short, if nothing is done, our national debt poses a clear and...
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Apr 17, 2012
04/12
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eye 182
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you got to file taxes. otherwise we don't have idea where you are or confidence in sending the unclaimed property out. >> reporter: thank you so much for joining us this morning. i stress out and do it early. charlie, the comptroller's offices will be open late, so is this post office. check on line, not every post office will have extended hours. >> website is the place to be for everything related to the tax deals. 12 locations throughout maryland, helping you free today with your state taxes go to abc2news.com for the locations nearest to you, also free deals today, arbys giving away curly frys and banana republic offering 30% off on line. abc2news.com for a full list and a look at the dozen locations where you can get help with state taxes. >>> lawmakers are hold agnus conference on tax day, talking about the doomsday budget. also the possibility in the special session if the governor doesn't call the session, the doomsday budget goes in to effect july 1st. it carries cuts to education and state service
you got to file taxes. otherwise we don't have idea where you are or confidence in sending the unclaimed property out. >> reporter: thank you so much for joining us this morning. i stress out and do it early. charlie, the comptroller's offices will be open late, so is this post office. check on line, not every post office will have extended hours. >> website is the place to be for everything related to the tax deals. 12 locations throughout maryland, helping you free today with your...
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98
Apr 15, 2010
04/10
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eye 98
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it's tax deadline day. everything you need to know if you have not filed yet. >> reporter: protesters prepare for a rally in towson today. i'm sherrie johnson. i'll tell what you they're talking about coming up. [ male announcer ] why settle for cable? switch to fios for game-changing entertainment. now is the time to get fios tv along with internet and phone. for a limited time lock in a super low price of $69.99 a month for the first 6 months. see the difference a 100% fiber optic network makes. get amazing hd... top rated internet...and phone. all for just $69.99 a month for the first six months. don't wait -- this offer won't last. call 1-888-get-fios now. this is beyond cable. this is fios. call the verizon center for customers with disabilities at 800-974-6006 tty/v. ♪ [ sniffs ] morning. you got in pretty late last night. dad, i'm not sixteen anymore. still, it was late. well... you're not gonna have to worry about that anymore. yeah, why's that? ♪ todd's a lucky man. ♪ the best part of wakin'
it's tax deadline day. everything you need to know if you have not filed yet. >> reporter: protesters prepare for a rally in towson today. i'm sherrie johnson. i'll tell what you they're talking about coming up. [ male announcer ] why settle for cable? switch to fios for game-changing entertainment. now is the time to get fios tv along with internet and phone. for a limited time lock in a super low price of $69.99 a month for the first 6 months. see the difference a 100% fiber optic...
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Sep 16, 2010
09/10
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eye 169
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it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. i could wear hats, if i partook in hat type things likeling in rcchirping) ♪ is this my husband? awesome cool hat, mom oh my perfect kids alright fourteen ninety nine i totally wear hats ♪ my commute home to the eastern shore every night only takes an hour but that's more time than congress spends reading massive spending bills, it's crazy. that's why i wrote a law that requires 72 hours to read every bill. i read the big bills and i said no. no to the $3 trillion budget, no to the bank bailout, and no to the health care bill. at home you would never pay a bill without reading it neither should congress. i'm frank kratovil and i approve this message because i'm proud to be ranked one of the most independent members of congress. >>> 6:37 right now. we have health news
it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. i could wear hats, if i partook in hat type things likeling in rcchirping) ♪ is this my husband? awesome cool hat, mom oh my perfect kids alright fourteen ninety nine i totally wear hats ♪ my...
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Dec 12, 2010
12/10
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eye 348
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we share their view on the upper income tax cuts, on the estate tax. that was a part of the deal odious though it may be in order to accept in order to get all the good things that come along with -- that's the nature of compromise. i'm sure some will have a hard time getting over the hump. others will see that this is extraordinarily important for our economy and for people across this country that we not let this get to a washington-style standoff. >> thank you very much indeed david axelrod. >>> and now to one of the administration's top foreign policy priority, middle east peace. but after two years of haggling, haranguing and hoping the obama administration has little to show for its effort. this week direct peace talks between israeli and palestinian negotiators collapsed and the united states has given up trying to get israel to freeze settlements as a condition for talks. a disappointing turn of events for president obama who from the first days of his administration was determined to get both sides directly talking to each other. >> america mu
we share their view on the upper income tax cuts, on the estate tax. that was a part of the deal odious though it may be in order to accept in order to get all the good things that come along with -- that's the nature of compromise. i'm sure some will have a hard time getting over the hump. others will see that this is extraordinarily important for our economy and for people across this country that we not let this get to a washington-style standoff. >> thank you very much indeed david...
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Apr 12, 2011
04/11
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taxes and fees to close a budget gap. today the governor began to put a pen to paper on the new laws. don harrison was there and has the details. >> reporter: as the confetti rained down on the 2011 legislative session marylanders awoke to a new set of rules. >> senate bill 56. >> reporter: the governor signed over 160 bills no law today. many don't take effect until july 1st. it would be illegal to read a text while driving but you still can't be pulled over for talking on the phone as the primary reason. and response to the supreme court's decision to allow people to protest at funerals, maryland changed the distance protesters can be from 100 to 500 yards from funerals. undocumented immigrants may receive tuition under certain circumstances. leaving some students delighted. >> hugging each other. high fives. these children are americans. >> reporter: although in the last election the governor said he would not increase taxes, that's what happened in this session. some fees were doubled along with an increase in the alc
taxes and fees to close a budget gap. today the governor began to put a pen to paper on the new laws. don harrison was there and has the details. >> reporter: as the confetti rained down on the 2011 legislative session marylanders awoke to a new set of rules. >> senate bill 56. >> reporter: the governor signed over 160 bills no law today. many don't take effect until july 1st. it would be illegal to read a text while driving but you still can't be pulled over for talking on...
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Jun 26, 2011
06/11
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eye 140
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that is no tax hike, you hike taxes when you raise rates. we are not asking anybody to raise anybody's rates. we want us to have an effective tax collection and close these loopholes, stop giving billions are dollars, in brakes, to millionaires and billionaires, if you look at prorosal that republicans put forward, they give a tax cut to -- of $200,000 per millionaire, by raising the expenses on -- >> right. >> for medicare on seniors, by $6,000 a year. what is the fairness in that? >> congressman clyburn, you have seen, though, what you heard was senator mcconnell just been saying, obviously, they want to see more tax -- more spending cuts. so what do you think is going to be the result of the meetings between president obama and the leadership when they start tomorrow? >> well, i don't know what about those meetings, i think we have very effective meetings. and of course when the republicans walked away from the table, it was on the day that we were to have our, either last or next to the last meeting. if thought we were doing very, very g
that is no tax hike, you hike taxes when you raise rates. we are not asking anybody to raise anybody's rates. we want us to have an effective tax collection and close these loopholes, stop giving billions are dollars, in brakes, to millionaires and billionaires, if you look at prorosal that republicans put forward, they give a tax cut to -- of $200,000 per millionaire, by raising the expenses on -- >> right. >> for medicare on seniors, by $6,000 a year. what is the fairness in that?...
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Oct 7, 2012
10/12
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you cannot cut taxes by $5 trillion as he's doing and simply say, oh, i don't have that tax cut. i'm not going to cut taxes for the wealthy when the average high-income earner is going to get a $250,000 tax cut. >> let me stop you right there because the romney campaign has a new ad just out on that point and say the president and his team are aligned when they call it a $5 trillion tax cut. >> president obama continues to distort mitt romney's economic plan. the latest, not telling the truth about mitt romney's tax plan. the ap says it doesn't add up. abc news, mostly fiction, even the obama campaign admitted it it wasn't true. >> well, okay, stipulated it won't be near $5 trillion. >> so does the campaign now accept that the cuts will be less than $5 trillion? >> no, absolutely not. i mean, look, if you're going to reduce the bush tax rates by 20% in the estate tax, in the amt, change the corporate rate and a whole host of other changes it epzs up in a reduction of revenue. the question for governor romney is what loopholes will you close supposedly to make up for that revenue
you cannot cut taxes by $5 trillion as he's doing and simply say, oh, i don't have that tax cut. i'm not going to cut taxes for the wealthy when the average high-income earner is going to get a $250,000 tax cut. >> let me stop you right there because the romney campaign has a new ad just out on that point and say the president and his team are aligned when they call it a $5 trillion tax cut. >> president obama continues to distort mitt romney's economic plan. the latest, not telling...
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Aug 5, 2012
08/12
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. >> tax plans. >>> and tax returns. >> harry reid has to put up or shut up, all right? so, harry, who are your sources? >> the big questions, was friday's jobs report a sign of hope or for of the same? >>> and how much of a splash can romney make with his running mate? we'll ask the party chairs. debbie wasserman schultz for the democrats and reince priebus for the republicans. and our roundtable. >>> plus, abc news at the olympics. all of the latest from london. >>> hello again and how about that michael phelps? what a stunning cap to his olympic career last night. 18th gold medal. as the top olympian ever. >>> buts politics first, face-off with the party chairs in the first week in august. debbie wasserman schultz for the republicans and reince priebus for the republicans. unemployment report that came out on friday the good news, 163,000 jobs created. . bad news, unemployment up to 8.3%. that makes 42 straight months of unemployment above 8%. no president since fdr has been reelected with numbers close to that, how do you respond to americans that 8% unemployment isn
. >> tax plans. >>> and tax returns. >> harry reid has to put up or shut up, all right? so, harry, who are your sources? >> the big questions, was friday's jobs report a sign of hope or for of the same? >>> and how much of a splash can romney make with his running mate? we'll ask the party chairs. debbie wasserman schultz for the democrats and reince priebus for the republicans. and our roundtable. >>> plus, abc news at the olympics. all of the...
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Apr 13, 2010
04/10
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eye 206
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the tax would go up 50 cents per line, raising the tax from $3.50 to $4 per line. for a family of four, sharing one bill that would add more than 20 bucks a year in taxes. tax on four lines from $16 per year, under this proposal a family of four would pay $192 a year in taxes or $16 a month. the budge set in the hands of city council. the first hearings starts next week. >>> it is the end of the session in annapolis, dun mean the end of confusion when it comes to cell phone laws in maryland. lawmakers passed sweeping bans especially making it illegal to use your cell phone while driving unless u you have a hands free device. a bill keeping you from reading text didn't make the cut. lawmakers hoped to expand the qompleg the reading bill that went south in the final minutes of the session. >>> governor o'malley was definitely busy signing 170 pieces of legislation and among the bills were civil penalties for people who make false health claims. he he lighted proposals focused on creating and saving jobs. >> five years with the original one, that was nothing. 20 was b
the tax would go up 50 cents per line, raising the tax from $3.50 to $4 per line. for a family of four, sharing one bill that would add more than 20 bucks a year in taxes. tax on four lines from $16 per year, under this proposal a family of four would pay $192 a year in taxes or $16 a month. the budge set in the hands of city council. the first hearings starts next week. >>> it is the end of the session in annapolis, dun mean the end of confusion when it comes to cell phone laws in...
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Apr 13, 2012
04/12
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time to pay those taxes. you could be missing out on thousands of dollars of tax breaks that many people just don't even know about. now, a lot of people, they know about tax breaks on their children and their mortgage interest, but tax experts say that a lot of people miss out on a lot of benefits and we're working for you this morning. this morning we have dwayne henderson with h and r block to talk a little bit about these taxes. good morning to, wayne, and thanks so much for joining us. first of all, let's talk a little bit about the biggest deduction that a lot of people forget about, just overlook. >> sure. education credits, there are three deductions you can take this year in credit, the americans with opportunities credit is huge, tuition fees is a big one or the lifetime learning credit as well. a lot of times those are overlooked. with the americans with opportunity credit it can be worth up to $2500 per student. so for example if you have two students in school or you're taking classes yourself, i
time to pay those taxes. you could be missing out on thousands of dollars of tax breaks that many people just don't even know about. now, a lot of people, they know about tax breaks on their children and their mortgage interest, but tax experts say that a lot of people miss out on a lot of benefits and we're working for you this morning. this morning we have dwayne henderson with h and r block to talk a little bit about these taxes. good morning to, wayne, and thanks so much for joining us....
170
170
Sep 17, 2010
09/10
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WMAR
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eye 170
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it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely.
it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely.
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Sep 16, 2010
09/10
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WMAR
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eye 164
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it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. >>> you're watching the station that works for you, abc 2 news at 6:00. >>> a heart breaking story of abandoned puppies left in a sealed box in a bel air dumpster. 2 weeks ago six pump piece were left to die. but today, thanks to a local rescue group they are healthy and looking for a new home. bill fink has the story. >> reporter: it's terrible. that is terrible. >> reporter: barbara bert link speaks from the heart when she talks about the plight of abandoned animals. >> there are the shell sisters, the local shelters, that always help. there are many many rescue groups besides ours that nobody wants to see puppies, kittens, dogs, cats, anything, happen. the way this could have happened. >> reporter: two weeks ago in bel air the driver of a trash removal truck ready to e
it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. >>> you're watching the station that works for you, abc 2 news at 6:00. >>> a heart breaking story of abandoned puppies left in a sealed box in a bel air dumpster. 2 weeks ago six...
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147
Sep 20, 2010
09/10
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WMAR
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eye 147
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it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. ♪ storyteller: hey diddle diddle the cat and the fiddle the cow jumped over the moon. then quickly fell back to earth, landing on the roof of a dutch colonial. luckily, geico recently helped the residents with homeowners insurance. they were able to get the roof repaired like new. they later sold the cow, because they had all become lactose intolerant. call geico and see how much you could save on homeowners insurance. at 5:00. the . >>> going to be nice monday and tuesday. heat and humidity moving back in for the week. >> all right. that's it. we will see you later. don't forget. go online to get the rest of it. 2 news at 5:00. the ♪ hey, look, it's grandma! oh, she's early. no...on the counter. [ female announcer ] art projects in the kitchen? bring it. i think you
it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. ♪ storyteller: hey diddle diddle the cat and the fiddle the cow jumped over the moon. then quickly fell back to earth, landing on the roof of a dutch colonial. luckily, geico recently helped the...
299
299
Sep 14, 2010
09/10
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WMAR
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eye 299
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it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. >>> maybe i should take all of you with me to the other side of the world. we're going to australia. >> she said she wanted to do something big. and, boy, did she deliver. oprah kicking off her final season by announcing she is taking 300 of her loyal audience members to australia, on qantas airlines. let's look at who the pilot will be. there he is. john travolta. surprises from oprah yesterday. good morning, america. i'm george stephanopoulos. >> it's all about the moments in her final season. that was one of them. i'm robin roberts. >>> also this morning, a father's quest for justice. he was the sole survivor of the horrible home invasion that shocked the country. today, dr. william petit will take the stand against one of those accused of killing his family. >>> first
it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. >>> maybe i should take all of you with me to the other side of the world. we're going to australia. >> she said she wanted to do something big. and, boy, did she deliver. oprah...
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Dec 13, 2010
12/10
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eye 233
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he would pass on 5 million dollars tax free and anything over that is taxed at 35%. house democrats say that's far too generous. >> we are not going hold this thing up at the end of the day, but we think that's simple question should be put to the test. >> now today the senate is expect to -- expected to pass the deal and the white house says the cuts won't pass the house if democrats seek major changes. >>> property owners are starting to plan around the estate tax. susie wells owns a farm in prince frederick maryland outside washington. she is planning on passing the farm on this to her 22-year-old son and that's where most of her worries begin. under the current estate tax law, next year's estates worth more than a million dollars would be taxed at 55%. >> we are land rich and cash poor. all our value is tied up in the land. and our land is what our business is based on. >> aid new tax deal passes it would give farms like the one you saw clarity for the next two years. but the big unknown right now is the tax rate whether it will change once again after that. >>>
he would pass on 5 million dollars tax free and anything over that is taxed at 35%. house democrats say that's far too generous. >> we are not going hold this thing up at the end of the day, but we think that's simple question should be put to the test. >> now today the senate is expect to -- expected to pass the deal and the white house says the cuts won't pass the house if democrats seek major changes. >>> property owners are starting to plan around the estate tax. susie...
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Oct 12, 2012
10/12
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eye 201
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you're going have -- >> not raising taxes is not cutting taxes. by the war, our budget, 3% a year instead of 4.5%. >> let me calm down things here just for a minute and i want to talk to you very briefly before we go to closing statements about your own personal character. if you are elected, what could you both give to this country as a man, as a human being, that no one else could? >> honesty. no one else could? there are plenty of fine people who can lead this country. but what you need are people who, when they say they're going to do something, they go do it. what you need, are when people see problems, they offer solutions to fix those problems. we're not getting that. look, we can grow this economy faster. that's what our five-point plan is all about. it's about getting 12 million jobs, higher take home pay, getting people into the middle class. that means, going with proven pro-growth policies we know works to get people back to work. putting ideas on the table. working with democrats. that actually works. >> vice president, can we get to
you're going have -- >> not raising taxes is not cutting taxes. by the war, our budget, 3% a year instead of 4.5%. >> let me calm down things here just for a minute and i want to talk to you very briefly before we go to closing statements about your own personal character. if you are elected, what could you both give to this country as a man, as a human being, that no one else could? >> honesty. no one else could? there are plenty of fine people who can lead this country. but...
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111
Mar 5, 2010
03/10
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eye 111
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need to file taxes? if you made $1,000 on ebay last year is that taxable? the irs is more than happy to clear up those questions as it busts the top tax myths for 2010. most of us try to be honest with the irs. for instance we don't try to claim our dog as a dependant. but in this age of facebook and twitter many old income tax myths have come back to life. listen to them and you can be audited or worse. irs's top tax myths for 2010. number one. income taxes voluntary or unconstitutional. sorry, it is not. be prepared to pay big legal fees if you decide not to fill out a 1040 form. number two internet earnings are free from taxes. sorry, income you earn anywhere is legally taxable. myth number three. teens and students don't have to file. well, that one is partially correct. teens don't have to pay tax if they earn less than $9,000 a year but they should fill out a 1040 if their employer took out any money or they won't get a refund. from the doesn't that stink file. the penalty for filing a bad file. fi
need to file taxes? if you made $1,000 on ebay last year is that taxable? the irs is more than happy to clear up those questions as it busts the top tax myths for 2010. most of us try to be honest with the irs. for instance we don't try to claim our dog as a dependant. but in this age of facebook and twitter many old income tax myths have come back to life. listen to them and you can be audited or worse. irs's top tax myths for 2010. number one. income taxes voluntary or unconstitutional....
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Dec 5, 2010
12/10
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no new taxes. it appears those bush era tax cuts will be extended, even for the wealthiest americans. republicans have argued you can't raise taxes on anyone while recovering from this recession, that it would hurt small business owners and jobs. democrats have asked, how do you keep the tax cuts going for the rich with a spiraling deficit. and so many americans unemployed. so, david kerley is at the white house tonight where details are emerging. david, good evening. >> reporter: good evening, david. the president is preparing to break one of his biggest campaign promises. he is poised to extend tax cuts to the richest americans in exchange for helping millions who are jobless. >> senate be in order. >> reporter: tonight, it appears republicans will get all the tax cuts extended. >> i think it's clear now taxes are not going up on anybody in the middle of this recession. we're discussing how long we should maintain current tax rates. >> reporter: for democrats, making this deal, giving in on taxes
no new taxes. it appears those bush era tax cuts will be extended, even for the wealthiest americans. republicans have argued you can't raise taxes on anyone while recovering from this recession, that it would hurt small business owners and jobs. democrats have asked, how do you keep the tax cuts going for the rich with a spiraling deficit. and so many americans unemployed. so, david kerley is at the white house tonight where details are emerging. david, good evening. >> reporter: good...
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153
Nov 1, 2010
11/10
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eye 153
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it's a tax. it's a tax. it's a tax. it's a tax. fees you have to define, because they have nothing to do with taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. they have nothing to do with taxes. what? still doing the same thing, paying out more money. typical politician. definitely. >>> all right. wrap it up baby. >> going to be a cool night for tonight schedulely. watch for the frost at daybreak. election day weather, important, hour by hour, people standing in line, really bringing a coat along, maybe some gloves. noon 48, 4:00, 52, so we do warm up through the day but it's going to be fall-like for our elect. >> all right. that's our abc 2 news at 6:00. thanks for joining us. we're back at 11:00. thanks. >> see you tonight. >> thanks wyatt. taxes are too high, and maryland families are struggling. and then there's politician andy harris proposing a 23% sales tax on nearly everything we buy. it cuts taxes for millionaires by over $200,000 a year and raises taxes on th
it's a tax. it's a tax. it's a tax. it's a tax. fees you have to define, because they have nothing to do with taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. they have nothing to do with taxes. what? still doing the same thing, paying out more money. typical politician. definitely. >>> all right. wrap it up baby. >> going to be a cool night for tonight schedulely. watch for the frost at daybreak. election day...
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Apr 14, 2011
04/11
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eye 96
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>>> tonight on "nightline," tax racket? their ads are everywhere, promising desperate taxpayers relief from troubles with the irs, but now tax masters is accused of pulling a fast one of its clients are they selling lies? tonight, brian ross investigates. >>> the verdict. it has been a wrenching drama. friends went to jail for it. or testified against him. an ex-girlfriend even shared what went on in their bedroom in court. today, a jury convicts barry bonds, the greatest home run hitter in baseball history. now a felon. >>> and, reality 101. everything you ever wanted to know about being a reality show star but maybe, for good reason, were afraid to ask. we will take you to the first ever reality tv convention. >> announcer: from the global resources of abc news, with terry moran, cynthia mcfadden, and bill weir in new york city, this is "nightline," april 13th, 2011. >> good evening. an early happy tax day, everybody. that's sarcasm, of course, because despite the recent efforts of the irs to be more customer friendly, it
>>> tonight on "nightline," tax racket? their ads are everywhere, promising desperate taxpayers relief from troubles with the irs, but now tax masters is accused of pulling a fast one of its clients are they selling lies? tonight, brian ross investigates. >>> the verdict. it has been a wrenching drama. friends went to jail for it. or testified against him. an ex-girlfriend even shared what went on in their bedroom in court. today, a jury convicts barry bonds, the...
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Oct 4, 2012
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at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small bi businesses 18 times. what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to boot. and the reason this is important is because by doing that, we cannot only reduce the deficit, we cannot only encourage job growth through small businesses, but we're able to make the investments that are necessary in education, or in energy. and we do have a difference, though, when it comes to definitions of small business. under my plan, 97% of small businesses would not see their income taxes go up. governor romney says, well, the top 3%, they're the job creators, they'd be burdened. but under governor romney's definition, there are millionaires and billionaires who are small business. do
at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small bi businesses 18 times. what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to...
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Nov 14, 2010
11/10
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a year to be lost to offshore tax havens, another to tax shelters. that can't be allowed to continue. >> on the same issue but paul krugman, the economist who is going to be on our roundtable has written this week it really is basically tax breaks again for the rich and more onus on the middle class dressed up as something new. >> yeah, well, in my view democracy seems to be uniquely suited to putting a traffic light up after the fourth accident. now, we can't wait for the fourth accident here and that's why i applaud senator conrad and senator graham for his comments trying to get out in front of something because it's too easy for the demagogues and problem cysts to respond to something just kind of go into their neutral corner and screaming as opposed to saying there is a time to pull together. this is one of those times. there are times when we should pull apart and pleuralism and all that good stuff. but there are times we have to pull together and this is one of those times and it scares me as a conversant ceo i didn't know how bad this was goi
a year to be lost to offshore tax havens, another to tax shelters. that can't be allowed to continue. >> on the same issue but paul krugman, the economist who is going to be on our roundtable has written this week it really is basically tax breaks again for the rich and more onus on the middle class dressed up as something new. >> yeah, well, in my view democracy seems to be uniquely suited to putting a traffic light up after the fourth accident. now, we can't wait for the fourth...
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Apr 15, 2010
04/10
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but that does not include the soda tax, and the barbeque sauce and chip tax or the napkin and plate tax. >> reporter: today's local event is expected to bring out republican supporters and some democratic backers. they'll have speakers from across the state coming to talk this morning and they're going to have, at 11:00 in washington d.c., that is where the national movement kicks off. sherrie johnson, "abc 2 news." >>> a baltimore jury pecks up deliberations against lamont davis. prosecutors argue that davis shot into a crowd and one of the bullets hit the young girl. the shoot wag was caught on closed circuit camera defense attorneys say it wasn't davis that shot her. they say that they had a gps on him and that he was home at the time of the shooting. >>> a former towson university field hockey coach will spend fives years in advise prison. steven kovach was caught sending sexually messages to a police officer pose pentagon as a 13- year-old and a search of his home turned up child pornography. >>> tampa bay jumpd to to a 3-1 lead and never looked back and they beat the orioles 9-one
but that does not include the soda tax, and the barbeque sauce and chip tax or the napkin and plate tax. >> reporter: today's local event is expected to bring out republican supporters and some democratic backers. they'll have speakers from across the state coming to talk this morning and they're going to have, at 11:00 in washington d.c., that is where the national movement kicks off. sherrie johnson, "abc 2 news." >>> a baltimore jury pecks up deliberations against...
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Sep 19, 2011
09/11
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. >>> taxing the rich. the president says it's time for billionaires like warren buffett to pay the same tax rate as their secretary. will this help the u.s. economy. >>> eyewitness. can you remember the crime? take a look. we have a better way for to you remember a face and help solve a crime. >>> and made in america. is this girl's question the key to creating half a million new american jobs. we knock on the door and get results. >>> good evening, it's good to begin this week with you and we start this monday with breaking medical news. dramatic new evidence about something that could put us all at greater risk for alzheimer's. more than 100 million americans are diabetic or prediabetic and the toll it takes on the body has been known for years but tonight we are learning it could double the risk of demen shachlt so what does this mean for everyone worried about aging and the mind? abc's jim avila has the details. >> reporter: here's why this link could be important. it could be the first step to treatme
. >>> taxing the rich. the president says it's time for billionaires like warren buffett to pay the same tax rate as their secretary. will this help the u.s. economy. >>> eyewitness. can you remember the crime? take a look. we have a better way for to you remember a face and help solve a crime. >>> and made in america. is this girl's question the key to creating half a million new american jobs. we knock on the door and get results. >>> good evening, it's...
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Sep 23, 2012
09/12
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don't pay taxes. when you play the actual clip, it's him explaining to donors why he can't get 47%. >> it was so >> then, let's play it. the descriptions in the media are so much worse. msnbc will explain it but won't show it. >> we did see it. and i think it was shockingly bad politics. what's underneath it, as bob was saying, is devicive. on top of that, the next president will have to continue to make big decisions on the deficit. what romney displayed is a lack of understanding of the real lives of a lot of people, of seniors, of people in the military, yet, we're going to trust him to make decisions about their lives, for those who aren't, they're child tax credit. a whole number of reasons that the working poor are paying taxes. or their tax rate is quite low. >> jorge? >> i think it's a defining moment in the campaign. who's the real mitt romney? at a univision meeting, he said that he wanted to be the president for the 100%. in an interview with cnn, he said that he wasn't concerned about the
don't pay taxes. when you play the actual clip, it's him explaining to donors why he can't get 47%. >> it was so >> then, let's play it. the descriptions in the media are so much worse. msnbc will explain it but won't show it. >> we did see it. and i think it was shockingly bad politics. what's underneath it, as bob was saying, is devicive. on top of that, the next president will have to continue to make big decisions on the deficit. what romney displayed is a lack of...
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Sep 21, 2012
09/12
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his effective tax rate -- 14.1%. that's a lower rate than an you a though mechanic who made $75,000 would pay. although he made almost $14 million, not one penny came from wages or salary. instead, his money came largely from investments, which are taxed at the much lower capital gapes tax rate. in an interview with david muir in july, romney made no apologies for keeping his tax rate low. >> i don't pay more than are legally due, and frankly, if i had paid more than are legally due, i don't think i'd be qualified to become president. >> reporter: but this year it turns out romney did pay more than he was legally due. a lot more. you see, romney gave $4 million to charity, but he didn't claim it all as a deduction. if he had, he would have paid about $500,000 less in taxes. why did romney pay a half a million dollars more than he had to? today, his money manager said he paid the extra taxes just to comply with romney's statement earlier this year that his tax rate was at least 13%. if he had taken all his deductions,
his effective tax rate -- 14.1%. that's a lower rate than an you a though mechanic who made $75,000 would pay. although he made almost $14 million, not one penny came from wages or salary. instead, his money came largely from investments, which are taxed at the much lower capital gapes tax rate. in an interview with david muir in july, romney made no apologies for keeping his tax rate low. >> i don't pay more than are legally due, and frankly, if i had paid more than are legally due, i...
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Aug 2, 2010
08/10
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that's because tax cuts that president george w. bush championed in 2001 and 2003 were put in place only through the end of the decade. >> if congress does nothing it could lead to one of the largest tax increases in american history. >> reporter: president obama pledged to let taxes rise only on families earning more than $250,000 a year. but as things stand now, tens of millions of americans who earn less are about to get whacked by new higher tax rates. >> if new tax legislation is not implemented there will be a dramatic effect to the middle class. >> reporter: middle class tax rates are scheduled to go up by 3%. for the family that earns just over $175,000 the change will put them into the 31% marginal tax bracket, up from 28% today. also due to change, the tax credit that middle and lower income families get for each child would be cut in half to a maximum of no more than $500 per child. and taxes would rise on dividends and capitalgance gains. -- capital gains. president obama hopes to chop the budget deficit but if families
that's because tax cuts that president george w. bush championed in 2001 and 2003 were put in place only through the end of the decade. >> if congress does nothing it could lead to one of the largest tax increases in american history. >> reporter: president obama pledged to let taxes rise only on families earning more than $250,000 a year. but as things stand now, tens of millions of americans who earn less are about to get whacked by new higher tax rates. >> if new tax...
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Sep 10, 2010
09/10
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it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. >>> good morning, everyone. thanks for waking up with us. i think you'll like the forecast this morning. a little on the cool side. as we go into the afternoon, we'll warm things up but nice and pleasant once again forecasting a high around 76 degrees. it's going to be dry today and maryland's most powerful radar is picking up on that as of now. we don't like the dry conditions because it's been too dry. we still have that threat for today. currently the temperature into baltimore coming in at 61 degrees at the maryland science center. the winds now sustained. not so bad, still on the light side. check out the gusts now at 20 miles per hour. that will be the scenario throughout the day like yesterday. other areas into mount airy, check out the temperatures, on the chilly
it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. >>> good morning, everyone. thanks for waking up with us. i think you'll like the forecast this morning. a little on the cool side. as we go into the afternoon, we'll warm things up but...
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Apr 11, 2011
04/11
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tax. we looked all over for a tax that hasn't been raised in 50 years. there's a tax that still keeps us competitive with other jurisdictions. >> reporter: the instinct tuition bill in the senate hit a bump today. it was sent to a conference committee putting the bill in danger. some legislators don't feel maryland is ready for the tuition break for undocumented students. >> it basically gives protection to illegal aliens that citizens perhaps don't have. that raised a question. >> reporter: maybe important issues still up in the air -- many important issues still up in the air. we may not know the whole story until 12:01 tonight. don harrison for abc2 news, annapolis. >>> both houses will continue to meet until the midnight deadline. cheryl conner is already at the state house and will continue our live team coverage on abc2 news at 11:00. >>> we have good news for dog owners. the senate passed a plan to allow owners to bring their four-legged friends with them to restaurants with outdoor
tax. we looked all over for a tax that hasn't been raised in 50 years. there's a tax that still keeps us competitive with other jurisdictions. >> reporter: the instinct tuition bill in the senate hit a bump today. it was sent to a conference committee putting the bill in danger. some legislators don't feel maryland is ready for the tuition break for undocumented students. >> it basically gives protection to illegal aliens that citizens perhaps don't have. that raised a question....
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Apr 12, 2010
04/10
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increases in taxes on phone lines, the piggy back income tax, hotel taxes, parking tax, new tax on plastic grocery bags. then the fees, increases in parking fines and meters, a four-cent tax on beverage bottles smaller than two liters excluding milk and juice and that early property tax discount many people enjoy, well, that's gone. of all the new taxes it's parking that irritates many folks. under the proposal parking would jump 100% from a buck an hour to $2 an hour. parking is already kind of hard to find sometimes and many folks say that could keep them from coming downtown. >> it will keep me from coming to the city to pay to park. just keep it out of the county where you don't have to pay. yeah, i agree. i will not come into the city to pay extra parking. it's crazy. >> people want to experience what baltimore has to offer. we want people to codo that. we need to make sure that as our city is being used by residents and nonresidents that we share in the burden of making sure the city is physically fit. >> reporter: even with all the cuts and increases, 250 jobs in the city will also
increases in taxes on phone lines, the piggy back income tax, hotel taxes, parking tax, new tax on plastic grocery bags. then the fees, increases in parking fines and meters, a four-cent tax on beverage bottles smaller than two liters excluding milk and juice and that early property tax discount many people enjoy, well, that's gone. of all the new taxes it's parking that irritates many folks. under the proposal parking would jump 100% from a buck an hour to $2 an hour. parking is already kind...
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Apr 15, 2011
04/11
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it's not tax day, at least not this year. that is because emancipation day is being observed on the 15th instead of the 16th this year and the tax deadline will be pushed off until monday. only one post office will be open until midnight, and that is the main branch down there. >>> we feel it every other friday when we get paid, abc2 news confirms how our state stacks up to others in the country. >> reporter: they would love to move south. but it has nothing to do with warmer weather. >> is outrageous about what we are paying. >> reporter: it is about taxes. >> high tax states tend to be in the northeast and mid- atlantic, the south and southwest tend to be lower tax. >> reporter: maryland is one of the most expensive states. a family would pay more than $5700 in state and local taxes. florida is one of the cheapest. for that same family, they would pay $2400 a year. this family has lived in tampa for 10 years. >> we have to pay some amount of taxes to make sure that we have what makes living here in tampa available. >> repor
it's not tax day, at least not this year. that is because emancipation day is being observed on the 15th instead of the 16th this year and the tax deadline will be pushed off until monday. only one post office will be open until midnight, and that is the main branch down there. >>> we feel it every other friday when we get paid, abc2 news confirms how our state stacks up to others in the country. >> reporter: they would love to move south. but it has nothing to do with warmer...
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Dec 30, 2012
12/12
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68% and secondly the death tax. 55% rate -- >> let's go to the death tax. six of the wealthiest estates are the difference between what president obama warrants and jon kyl wants, $119 billion over ten years. for those 600,000 estates to give $119 billion away and instead take it out on cuts on medicare and roads and education is unconscionable. >> the bigger picture for a second. we've known for two years that these tax cuts would be expiring the day after tomorrow or the end of the day tomorrow. we've known these automatic cuts, the so-called -- this was going to be happening for more than a year. respect you a little embarrassed as leaders in the congress that it has gotten to this point that tomorrow is new year's eve, the day it all expires and you still don't have an agreement? we've been having this argument for two years. >> it is embarrassing but almost every disagreement we've this is not because of a senate where we've had lots of -- we've come to agreement on many things. there are 50 hard right people in the house who don't want to compromise.
68% and secondly the death tax. 55% rate -- >> let's go to the death tax. six of the wealthiest estates are the difference between what president obama warrants and jon kyl wants, $119 billion over ten years. for those 600,000 estates to give $119 billion away and instead take it out on cuts on medicare and roads and education is unconscionable. >> the bigger picture for a second. we've known for two years that these tax cuts would be expiring the day after tomorrow or the end of...
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Sep 17, 2010
09/10
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it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. . >>> in tonight's consumer alert it calls it e-mails it schedules it can even book travel but how do you protect your cell phone from the rain and dust and make sure it's always there when you need it. of course you got to access or eyes. >> reporter: those cases you snap on to the back of your cell phone they actually serve a purpose. they have an extra recharge able battery when your phone runs out of juice. it uses the sun to power your iphone. two hours of direct sunlight will give you 30 minutes of talk time. built in led lights tell you how powerful your light source is. if rain or water is an issue for you auto box makes a case that's water resistant and works with 99% of the pdas on the market. if you're just worried about sand, dust dirt accidental drops, the au
it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. . >>> in tonight's consumer alert it calls it e-mails it schedules it can even book travel but how do you protect your cell phone from the rain and dust and make sure it's always there...
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Apr 13, 2012
04/12
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reporter: the april 17th tax deadline is drawing near. i'm sherree johnson live in rogersville with some tax tips that will help save you money. it's all coming up. >>> as we head to break this morning, a live picture of the inner harbor in downtown baltimore. you're waking up to what's new in maryland. we'll be right back. having one of those days? tired. groggy. can't seem to get anything done. it makes for one, lousy day. but when you're alert and energetic... that's different. you're more with it, sharper, getting stuff done. this is why people choose 5-hour energy over 9-million times a week. it gives them the alert, energetic feeling they need to get stuff done. 5-hour energy...when you gotta get stuff done. pull on those gardening gloves. grab the nearest spade. and let's see how colorful an afternoon can be. with certified advise to help us expand our palette... ...and prices that give us more spring per dollar... ...we can mix the right soil with the right ideas. and bring even more color to any garden. more saving. more doing. t
reporter: the april 17th tax deadline is drawing near. i'm sherree johnson live in rogersville with some tax tips that will help save you money. it's all coming up. >>> as we head to break this morning, a live picture of the inner harbor in downtown baltimore. you're waking up to what's new in maryland. we'll be right back. having one of those days? tired. groggy. can't seem to get anything done. it makes for one, lousy day. but when you're alert and energetic... that's different....
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Nov 7, 2010
11/10
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. >>> then, tax cuts. >> cut taxes. >> cut taxes. >> cut taxes. >> their hero may be ronald reagan. but his tax man says that will finish the economy off. while this republican says tax cuts will revive it. david stockman, versus michael pence. an exclusive "this week" debate. plus, our roundtable. evan bayh, and john podesta join abc's george will, political director, amy walter, and bush political strategist, matthew dowd. >>> and remembering another historic election. 50 years ago, this week. >>> plus, "the sunday funnies." >> that's where our kids will live. the future. republicans and democrats, working together. we're screwed. [ laughter ] >>> hello again, everyone. after tuesday's election, republicans have the largest house majority since the late 1940s, during the truman administration. what they do with that majority and whether democrats and republicans will work together is our focus this morning. abc's john donvan starts us off. >> reporter: listen. and see if you can pick out -- and it's going to be easy, actually -- the hottest word of the week. >> it was a historical
. >>> then, tax cuts. >> cut taxes. >> cut taxes. >> cut taxes. >> their hero may be ronald reagan. but his tax man says that will finish the economy off. while this republican says tax cuts will revive it. david stockman, versus michael pence. an exclusive "this week" debate. plus, our roundtable. evan bayh, and john podesta join abc's george will, political director, amy walter, and bush political strategist, matthew dowd. >>> and...
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Oct 30, 2011
10/11
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took out full-page ad saying that the flat tax was a tax cut for a fat tax. even though taxes are outrageous at the same level, it completely exempts them from taxation. >> we're out of time. thank you very much. >> i'm listening -- >> sorry, congressman. >> we are out of time. >> taking all of these tax breaks. this takes them away. >> thank you very much, indeed, this conversation will continue in the green room. >>> coming up -- revealing conversation with bill gates about steve jobs, class warfare and what america must do and can do for the most honorable. >>> president obama these france next week to attend the g-20 economic summit in cannes and so too is microsoft founder bill gates. he wants to convince wealthiest companies to take care of the poor. with the economic crisis rippling across the world will be a tough sell. he got a taste of that challenge when he visited capitol hill this week. do you buy this notion that there's class warfare in this country right now. >> no, fortunately, there hasn't been class warfare. warfare is like where you're sho
took out full-page ad saying that the flat tax was a tax cut for a fat tax. even though taxes are outrageous at the same level, it completely exempts them from taxation. >> we're out of time. thank you very much. >> i'm listening -- >> sorry, congressman. >> we are out of time. >> taking all of these tax breaks. this takes them away. >> thank you very much, indeed, this conversation will continue in the green room. >>> coming up -- revealing...
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Jan 19, 2012
01/12
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. >> reporter: and this week, romney admitted, his effective income tax rate is far below the 35% tax bracket for the wealthy. >> closer to the 15%. >> reporter: romney says he may release his latest tax return in april. and it may be the only way for him to answer all the questions about his taxes, and his offshore account. >> his personal finances are a poster child of what's wrong with the american tax system. if he doesn't disclose that, and we can't see it, whatever he says about tax is certainly quite suspect. >> reporter: romney's critics are already crying foul. saying he has to release more than just the latest tax return to give a full picture of his affairs. and, bill, tomorrow night, more on the political investigative beat, when we will hear from one of newt gingrich's two ex-wives, mary ann, breaking her silence here on "nightline." saying, there are things voters need to know about her ex-husband. >> i just stared at
. >> reporter: and this week, romney admitted, his effective income tax rate is far below the 35% tax bracket for the wealthy. >> closer to the 15%. >> reporter: romney says he may release his latest tax return in april. and it may be the only way for him to answer all the questions about his taxes, and his offshore account. >> his personal finances are a poster child of what's wrong with the american tax system. if he doesn't disclose that, and we can't see it, whatever...
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Apr 17, 2012
04/12
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. >>> nobody wants to do their taxes or pay their taxes, the deadline is here. it's april 17th, we have a live report from the post office, where they will have extended hours. >>> lawmakers take to the podium talking about the doomsday budget. details straight ahead. >>> baltimore councilman has an interesting proposal for keeping three fire companies open. >>> a look at the inner harbor. a great start to the tuesday. it's a warm one, 70 degrees right now on this tuesday, april 17th. good morning, maryland, i'm charley crowson. meagan is on assignment, getting you ready for tax day. here with me is meteorologist, lynette charles, with the latest look at the warm forecast. >> you are right. yesterday, we hit 90 degrees, we tied the record set back in 2002. today is 70s are back. we will be dry and fair, continuing in to the afternoon. the radar is dry. we have the five sweeps on, we need the rain, the rain is in the forecast, hoping that that comes true. we are in drought, see the rain. it sticks around. you keep hearing me say i hope the rain comes true that i'
. >>> nobody wants to do their taxes or pay their taxes, the deadline is here. it's april 17th, we have a live report from the post office, where they will have extended hours. >>> lawmakers take to the podium talking about the doomsday budget. details straight ahead. >>> baltimore councilman has an interesting proposal for keeping three fire companies open. >>> a look at the inner harbor. a great start to the tuesday. it's a warm one, 70 degrees right now on...
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Apr 15, 2012
04/12
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. >> and taxes. >> don't give tax breaks to folks like me who don't need them. >> topics this morning for our head liner, treasury secretary tim geithner and our powerhouse roundtable. >>> good morning, everyone. the treasury secretary and our powerhouse roundtable are coming up. >>> two breaking stories. overnight, 120 tornadoes swept across the midwest killing at least five. ginger zee has been chasing the storms and she joins us from wichita, kansas, we can see how hard kansas got hit and these storms aren't over yet. >> luckily no one was in this house behind me, george. that wasn't the case everywhere. the storm that did this, the tornado was on the ground for at least five hours. covering 250 miles. lot of these storms happened overnight. so, as the sun comes up around the heartland, we'll be able to assess the damage and understand how many injuries and deaths occur, of course, we followed those storms and we'll continue to follow the threat that heads north. all of the way south to houston. threat exists for isolate tornadoes, damaging hawind and hail. george? >> all right, do
. >> and taxes. >> don't give tax breaks to folks like me who don't need them. >> topics this morning for our head liner, treasury secretary tim geithner and our powerhouse roundtable. >>> good morning, everyone. the treasury secretary and our powerhouse roundtable are coming up. >>> two breaking stories. overnight, 120 tornadoes swept across the midwest killing at least five. ginger zee has been chasing the storms and she joins us from wichita, kansas, we...
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52
Dec 27, 2012
12/12
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republicans remain against any tax increases. the debate is park sparking a high stakes match. >> the speaker cares more about his speaker ship than helping the nation. >> nobody is willing to pull the trigger. everybody wants to play the blame game. it's about to put us over the edge. >> reporter: and that's just where the economy may go. some say a situation could be allowing tax increases to tack effect on january 1st and then on the third when the new congress is sworn in, lawmakers can vote to cut taxes. >> the new year brings another deadline for homeowners. december 3rd 1 the last day toa play for the homestead tax credit. the credit is supposed to put a limit on an increase in property taxes if the home's assessment value jumps but it's only supposed to go for a primary residence. its going into effect to eliminate the credit for people who shouldn't be getting it. >> we have plenty ofen eligible properties getting credits they aren't entitled to. in 2007 the general assembly passed another bill requiring a one time appli
republicans remain against any tax increases. the debate is park sparking a high stakes match. >> the speaker cares more about his speaker ship than helping the nation. >> nobody is willing to pull the trigger. everybody wants to play the blame game. it's about to put us over the edge. >> reporter: and that's just where the economy may go. some say a situation could be allowing tax increases to tack effect on january 1st and then on the third when the new congress is sworn in,...
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Aug 3, 2009
08/09
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>>> tax talk. the white house says there will know be a middle class tax hike. why didn't the aides rule that out? >>> d minus, several of every send children have a vitamin d deficiency. raising their risk for heart disease. >>> alaska, a town with 150 million people gets $15 million for a new airport and it's your money. >>> and an american bringing the cry to surf's up to a place you >>> and an american bringing the cry to surf's up to a place you would never expect to hear it. captions paid for by abc, inc. >>> good evening. you get your car's engine tuned and you feel a new burst of energy. the government creates a cash for clunkers program and the whole auto industry feels a new burst of energy. the nation's automakers reported a burst of sales thanks in large part to the clunkers' trade-in program. ford sales up from a year ago, gm and chrysler saw increased sales as well compared to a year ago although they were still down. still overall good news for an industry who hasn't had much. david muir is at a ford dealer in new york. david. >>> charlie good eve
>>> tax talk. the white house says there will know be a middle class tax hike. why didn't the aides rule that out? >>> d minus, several of every send children have a vitamin d deficiency. raising their risk for heart disease. >>> alaska, a town with 150 million people gets $15 million for a new airport and it's your money. >>> and an american bringing the cry to surf's up to a place you >>> and an american bringing the cry to surf's up to a place you...
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May 25, 2010
05/10
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another says it's a ridiculous tax. why doesn't the local government trim its expense accounts and david said i don't live in ballot baltimore but i eat and work there and if the taxes keep going up i will shop elsewhere. also tonight city council passed a resolution opposing the new immigration law. the law is set to go in effect in august and it would give police the power to detain anyone suspected of being in the country illegally if they are first stopped for another offense. councilmembers suspended their normal rules to pass the resolution after it was introduced. >> this issue here is that we want to make sure that law abiding citizens aren't racially profiled. > one delegate does plan to introduce a bill similar next year. he will talk about the resolution tomorrow. >>> police searching for clues in the murder of lee martin. he was shot steps his front door as he locked up his bar early saturday. now police are asking anyone with information to call crime stoppers. police are investigating the death of a 6 week
another says it's a ridiculous tax. why doesn't the local government trim its expense accounts and david said i don't live in ballot baltimore but i eat and work there and if the taxes keep going up i will shop elsewhere. also tonight city council passed a resolution opposing the new immigration law. the law is set to go in effect in august and it would give police the power to detain anyone suspected of being in the country illegally if they are first stopped for another offense....
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Sep 15, 2010
09/10
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it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. - friend: yeah? car owner: and this is what he had in my budget. friend: oh well, the top is down! car owner: the top is gone! friend: yeah, there's lot's of head-room! car owner: tons of head-room! careful! friend: ow! car owner: that's sharp. friend: cheese! car owner: yeah. sorry. carmax spokesperson: settling for less is not smart. what is smart is getting more car for your money at carmax. guaranteed quality used cars can cost a lot less than new cars, so you can get more car for less money by shopping at carmax. now more than ever the smart choice is carmax. the way car buying should be. >>> now good morning maryland. >>> wirth 52% of the vote it looks like he has defeated joe in the democratic race for baltimore county executive. >> way too close to call. more on t
it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. - friend: yeah? car owner: and this is what he had in my budget. friend: oh well, the top is down! car owner: the top is gone! friend: yeah, there's lot's of head-room! car owner: tons of...
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Jan 4, 2010
01/10
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don't buy a house because of the tax credit, the $8,000 tax credit. >> the number 10 was because of the tax credit but also don't just go out and buy the house because of that. there are a lot of people that were panicking in november before they extended the tax credit, have i to buy a house. if you miss out, not that big a deal. don't buy a house for the wrong reasons. buy a house because you're prepared to do so. >> it's hard to do because it's so much money. what would you say to people? >> again, why you do the list, just because the tax credit is out there, if you miss out on it it's not the end of the world. imagine you get the tax credit, buy a house that doesn't suit your needs, you can't get rid of it. wasn't worthwhile buying it. don't be misled. web a sp says, only -- when a company says only two left, buy now. if you don't need it don't buy it. if you plan on buying you may want to move it up, but people sitting on the fence, don't just jump up because of that. >> you said make your your credit report is accurate. >> there's things on tv. get a true credit report and accura
don't buy a house because of the tax credit, the $8,000 tax credit. >> the number 10 was because of the tax credit but also don't just go out and buy the house because of that. there are a lot of people that were panicking in november before they extended the tax credit, have i to buy a house. if you miss out, not that big a deal. don't buy a house for the wrong reasons. buy a house because you're prepared to do so. >> it's hard to do because it's so much money. what would you say...
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Apr 15, 2010
04/10
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, a barbeque sauce tax and taxes for the plates and napkin, it ended up costing people $7.50 a piece. >>> tick tock. many taxpayers are watching this day to file taxes. while the number of people filing online has increased over the years many still prefer to mail tax returns. most post offices will stay open longer for the last- filers. the main post office on lafayette street will close earlier. the church circle post office closed ten minutes ago. you are out of luck there. >>> if you are going to do the late tax return dropoff you cannot use the weather as an excuse. there is no rain or headaches with the weather. we have beautiful weather. in fact, look at the temperatures we have been seeing this afternoon. 72 now out at bwi marshall. 77 balmy degrees in hagerstown. frederick and winchester cooler at 70. visible satellite imagery. we have a few, high, thin clouds west of maryland into northwest pennsylvania. we are sitting pretty under clear skies. mild and nice need the post office. tomorrow afternoon there are changes on the way. rain in the early part of the weekend. we'll br
, a barbeque sauce tax and taxes for the plates and napkin, it ended up costing people $7.50 a piece. >>> tick tock. many taxpayers are watching this day to file taxes. while the number of people filing online has increased over the years many still prefer to mail tax returns. most post offices will stay open longer for the last- filers. the main post office on lafayette street will close earlier. the church circle post office closed ten minutes ago. you are out of luck there....
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May 21, 2010
05/10
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of an alternative to the much discussed beverage tax. but on thursday, the matriarch of the outdoor advertising company stepped to the podium and said that proposal targets her business unfairly. >> i didn't see anything in the language that related to radio, television, and in thinking about those, or people who run down the streets with a board on, there's no mention of them. >> reporter: now the billboard tax is in trouble and it's one of several proposals that council members had been counting on. tax on gaming machines would not raise as much money as council members thought so while they searched for solutions. >> i'm prepared to support just about everything before us right now because we need the money. >> reporter: the 4 cent tax on most beverages remains the elephant in the room. it's extremely difficult to close the nearly $50 million budget gap without it which explains why the mayor said thursday morning. >> i'm still looking at the bottle tax. >> reporter: so let's talk again about the beverage tax. 4 cents per beverage is
of an alternative to the much discussed beverage tax. but on thursday, the matriarch of the outdoor advertising company stepped to the podium and said that proposal targets her business unfairly. >> i didn't see anything in the language that related to radio, television, and in thinking about those, or people who run down the streets with a board on, there's no mention of them. >> reporter: now the billboard tax is in trouble and it's one of several proposals that council members...
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Sep 18, 2011
09/11
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under the millionaire tax, if he paid that middle class tax rate of 29%, he'd owe another $5.5 million. republicans aren't buying it -- or buffet's argument. >> if he's feeling guilty about it, i think he should send in a check. but we don't want to stagnate this economy by raising taxes. >> the time for action is now. >> reporter: the buffett rule is just part of long term deficit reduction and tax reform the president will propose in a speech tomorrow. he has long contended the rich need to pay more, a populist plan that has general support among americans. but republicans call it divisive. >> class warfare will simply divide this country more. it will attack job creators, divide people and it doesn't grow the economy. >> reporter: the white house reaction? how can it be class warfare just asking the rich to pay the same percentage in taxes that you're asking the middle class to pay? and dave, one other point. the president will ask tomorrow for $2 trillion in long-term deficit cuts. david? >> huge debate to come this week. dae david kerley, thank you. >>> the white house this evenin
under the millionaire tax, if he paid that middle class tax rate of 29%, he'd owe another $5.5 million. republicans aren't buying it -- or buffet's argument. >> if he's feeling guilty about it, i think he should send in a check. but we don't want to stagnate this economy by raising taxes. >> the time for action is now. >> reporter: the buffett rule is just part of long term deficit reduction and tax reform the president will propose in a speech tomorrow. he has long contended...
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Apr 29, 2012
04/12
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, individuals, estate tax at 25%. more people need to be paying income taxes. 30% to 51% don't pay any taxes. >> i have to stop you right there. what i hear when you say that is if you're a working american making $50,000, $60,000 a year, taxes will go up? >> here's what i am saying. let me finish. buffett's got a real issue. the reason it's an issue is because the wealthiest people make most of their money through capital gains and dividends. if you can bring the top rate down the 25%, you can eliminate the difference between capital gains, dividends, ordinary incomes, we'll accomplish objectives. >> it is my duty to be the wet blanket at moveable feasts such as this. the three really big ways to recoup money by closing loopholes is mortgage sbrens deductions. taxation of employer benefits. there is such a thing as a system, our tax system, to complex that it is perm nantly unreformable. you undertake broad-based reform, you're picking six fights with every american. >> we are facing this cliff at the end of the year
, individuals, estate tax at 25%. more people need to be paying income taxes. 30% to 51% don't pay any taxes. >> i have to stop you right there. what i hear when you say that is if you're a working american making $50,000, $60,000 a year, taxes will go up? >> here's what i am saying. let me finish. buffett's got a real issue. the reason it's an issue is because the wealthiest people make most of their money through capital gains and dividends. if you can bring the top rate down the...
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Sep 15, 2010
09/10
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it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. my commute home to the eastern shore every night only takes an hour but that's more time than congress spends reading massive spending bills, it's crazy. that's why i wrote a law that requires 72 hours to read every bill. i read the big bills and i said no. no to the $3 trillion budget, no to the bank bailout, and no to the health care bill. at home you would never pay a bill without reading it neither should congress. i'm frank kratovil and i approve this message because i'm proud to be ranked one of the most independent members of congress. . >>> quick check of our wednesday forecast here, kelly. hour by hour, we're up to about 79 or so late in the day but cool in the morning and the evening. nice september day. >> all right. got a couple of nail biting races we're watc
it's a tax. it's a tax. it's a tax. there's a big difference between fees and taxes. fees and taxes are one in the same. if it comes out of my pocket, it's a tax. now he says it isn't true. we didn't raise taxes. what? still doing the same thing, paying out more money. typical politician. definitely. my commute home to the eastern shore every night only takes an hour but that's more time than congress spends reading massive spending bills, it's crazy. that's why i wrote a law that requires 72...